Kirkland Lake Gold Declares Quarterly Dividend Payment

 

Kirkland Lake Gold Ltd. ("Kirkland Lake Gold" or the " Company ") (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that a quarterly dividend payment for the second quarter of 2021 ("Q2 2021") of US$0.1875 per common share will be paid on July 14, 2021 to shareholders of record as of the close of business on June 30, 2021. The Q2 2021 payment represents the 17th quarterly dividend payment made to shareholders following the Company's adoption of a dividend policy in March 2017. The Company's quarterly dividend qualifies as an "eligible dividend" for Canadian income tax purposes. For Canadian shareholders, the US dollar dividend payment will be converted to Canadian dollars using the spot price exchange rate on July 13, 2021, the day prior to the payment date.

 

   About Kirkland Lake Gold Ltd.   

 

Kirkland Lake Gold Ltd. is a senior gold producer operating in Canada and Australia that is targeting 1,300,000 – 1,400,000 ounces of production in 2021. The production profile of the Company is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management expertise.

 

For further information on Kirkland Lake Gold and to receive news releases by email, visit the website at   www.kl.gold .  

 

  FOR FURTHER INFORMATION, PLEASE CONTACT:  

 

Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail:   tmakuch@kl.gold   

 

Mark Utting, Senior Vice President, Investor Relations
Phone: +1 416-840-7884
E-mail:   mutting@kl.gold   
Website :   www.kl.gold   

 

   Cautionary     Note Regarding     Forward-Looking Information   

 

  This press release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Kirkland Lake Gold with respect to future business activities and operating performance. Forward-looking information   is   often   identified   by   the   words   "may",   "would",   "could",   "should",   "will",   "intend",   "plan",   "anticipate", "believe", "estimate", "expect" or similar expressions and,   in   this press release, include information regarding planned dividend payments and the management of the Company's dividend policy. The declaration and payment of   dividends   remains   at   the   discretion   of   the   Board   of   Directors   and   will   depend   on   the   Company's   financial   results,   cash requirements, future prospects and other factors deemed relevant by the   Board.  

 

  Investors are cautioned that forward-looking information is not based on historical facts but instead reflect the Company's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Kirkland Lake Gold believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information,   as   unknown   or   unpredictable   factors   could   have   material   adverse   effects   on   future   results,   performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the development of the Company's properties and   the   anticipated   timing   thereof,   expected   production   from,   and   the   further   potential   of   the   Company's   properties, the potential to increase the levels of mineral resources and mineral reserves and potential conversion of mineral resources; fluctuating gold prices; the anticipated timing and commencement of exploration programs on various targets within the Company's land holdings and the implication of such exploration programs (including but not limited to any potential decisions to proceed to commercial production), the anticipated overall impact of the Company's COVID19 response plans, including measures taken by the Company to reduce the spread of COVID19, including but not limited to the rapid testing implemented at Detour Lake, the ability to lower costs and gradually increase   production,   the   ability   of   the   Company   to   successfully   achieve   business   objectives,   the   ability   of   the   Company to   achieve   its   longer-term   outlook   and   the   anticipated   timing   and   results   thereof,   the   performance   of   the   Company's equity investments and the ability of the Company to realize on its strategic goals with respect to such investments, the effects of unexpected costs, liabilities or delays, the potential benefits and synergies and expectations of other economic, business and or competitive factors and changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws. This forward-looking information may be affected by risks and uncertainties in the business of Kirkland Lake Gold and market conditions. This information is qualified   in   its   entirety   by   cautionary   statements   and   risk   factor   disclosure   contained   in   filings   made   by   Kirkland   Lake Gold, including Kirkland Lake Gold's annual information form for the year ended December   31,   2019 and its annual consolidated financial statements and related MD&A for the period ended December 31, 2021, which are filed with the securities regulatory authorities in certain provinces of Canada and available at     www.sedar.com    .   

 

  Should   one   or   more   of   these   risks   or   uncertainties   materialize,   or   should   assumptions   underlying   the   forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated,   believed,   estimated   or   expected.   Although   Kirkland   Lake   Gold   has   attempted   to   identify   important   risks, uncertainties   and   factors   which   could   cause   actual   results   to   differ   materially,   there   may   be   others   that   cause   results not to be as anticipated, estimated or intended. Kirkland Lake Gold does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable   law.  

 

 

 

  Primary Logo 

 

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

Keep reading...Show less
A mining truck within the outline of Australia's map on a clear day.

Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

A recent FocusEconomics report tackled Australia’s resource wealth, tracing from the gold rushes of the 1850s to the iron ore and coal booms of the 21st century.

Keep reading...Show less
Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
  •  
  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
  •  
  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
  •  

 

 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Maritime Resources (TSXV:MAE)

Maritime Resources

Keep reading...Show less

Latest Press Releases

Related News

×